RE: April 7, 2004 Press release claiming Gold occurence at 1.55 ounce/ton and a 'proven' (my quote marks) ore reserve of 1.7 Million ounces of gold on the property. (Information available on the PSGR website in the archives). Is this accurate? Is this credible? The property/claims were owned by Gulf Dragon prior to the purchase by (now) Pershing Resources. IF this information is reasonably accurate, the stock is grossly undervalued. IF this information is misleading, accurate values (Gold occurence ounce/ton AND ore reserves) must be published.
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